Showing 1 - 10 of 1,469
personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the Dutch Central Bank Household Survey (DHS). Our … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
Persistent link: https://www.econbiz.de/10012461319
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …
Persistent link: https://www.econbiz.de/10015056164
We study cointegrating relationships among fiscal variables and output and use them to introduce a new measure of the government's fiscal position. In the US since World War II, we find that the primary surplus-GDP ratio and the government debt-GDP ratio are nonstationary, which invalidates...
Persistent link: https://www.econbiz.de/10014287325
We build a publicly available platform that tracks economic activity at a granular level in real time using anonymized data from private companies. We report daily statistics on consumer spending, business revenues, employment rates, and other key indicators disaggregated by county, industry,...
Persistent link: https://www.econbiz.de/10012481626
Using a variance decomposition of shocks to GDP, we quantify the role of international factor income, international transfers, and saving in achieving risk sharing during the recent European crisis. We focus on the sub-periods 1990-2007, 2008-2009, and 2010 and consider separately the European...
Persistent link: https://www.econbiz.de/10012458750
the household fallacy. We provide a reason to be skeptical of this claim that holds even if the economy always operates at …
Persistent link: https://www.econbiz.de/10012453321
attend a 3.5 hour training session designed to build their trust in financial institutions. Using household survey data … the use of bank accounts for transactions. The increase in savings is close to double the savings of the treatment over … the 10 month period prior to the intervention, 7 times the savings of the control group over the same period, and a 1 …
Persistent link: https://www.econbiz.de/10012479333
China's high household savings rate has attracted great academic interest but remains a puzzle. Potential explanations … include demographic, policy, and financial causes. Yet a lack of reliable microlevel data on household finances makes it … primary causes of high levels of savings among Chinese households …
Persistent link: https://www.econbiz.de/10013172155
A substantial literature exists on the impact of pension schemes, both public and private, on the level of household … private savings and about the magnitude of the displacement effect. Using data for 8,279 Canadian households, and estimates of … pension wealth (both private and social security) which we construct for each household in the sample, the estimated …
Persistent link: https://www.econbiz.de/10012478143
in housing, and declining flows of household savings into deposit institutions. These data underscore the unintended … reallocate their "transactable savings." Cross-section data from the 1962 and 1970 Surveys of Consumer Finances are used to … that accelerating inflation has, in thee presence of comprehensive ceilings on deposit interest rates, altered the savings …
Persistent link: https://www.econbiz.de/10012478670